Private Properties

By

Felicia Paik Staff Reporter of The Wall Street Journal

Updated July 23, 1999 12:01 a.m. ET

On the Market in Miami

Real-estate heiress Leona Helmsley has put her four-acre property in Miami on the market for $15 million. Mrs. Helmsley, 79 years old, who served a 21-month prison term for tax evasion, bought the parcel in 1996 for $13 million, setting the record for the highest price ever paid for a residential property in Dade County. The record previously had been held by actor Sylvester Stallone, who bought a property for $8 million two years earlier. (Mr. Stallone is now trying to sell his property as well.)